WABCO (NYSE: WBC) announced the opening of a new 65,000-square-foot facility in Chennai, India that will enable WABCO to significantly expand its software engineering and shared services capabilities.
WABCO plans to further leverage its talent in India and expand its software engineering capabilities to support the local design of new products and systems for emerging markets as well as to contribute to the global development of advanced technologies for commercial vehicles. Since 2010, WABCO has more than doubled its software engineering talent pool in India to nearly 250 and anticipates enlarging its team by an additional 150 engineers over the next five years.
The new facility will also accommodate WABCO’s business services team of approximately 110 professionals. The team is dedicated to continuously improving the cost effectiveness and efficiency of the company’s business operations worldwide. WABCO’s business services team will deliver to the company advanced information technology solutions and continuous business process optimization based on leading international standards.
“Today’s strategic expansion of WABCO’s software engineering and shared services capabilities in India marks yet another milestone for WABCO,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer. “We will further leverage WABCO India’s superb talent pool and cost efficiency to support and differentiate the development of advanced technologies to help improve the safety and efficiency of commercial vehicles around the globe. WABCO India is also taking a primary role in our efforts to drive efficiency and business process improvements across the company to continuously lower cost.”
“We are very proud and fully committed to further expand our role and contribution to the global success of WABCO,” said P. Kaniappan, Vice President, WABCO India.